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Yahoo! Finance: Property & Casualty Insurance Industry News

ACE Limited Declares Quarterly Dividend (Business Wire)
ZURICH, Switzerland----The Board of Directors of ACE Limited today declared a quarterly dividend of 0.30 Swiss Francs per common share, payable on January 12, 2009, to shareholders of record at the close of business on December 17, 2008, subject to a required filing with the Swiss Commercial Register.

Financial Weapons of Mass Destruction Aimed at Omaha (at Seeking Alpha)

Loews Corp. a Hold for Now (Zacks.com)

'Oracle of Omaha' portrait auction ends Thursday (AP)
Whether it's a sign of the troubled financial times or wily art investors are waiting until the last minute, there's been only one online bid for a signed portrait of Omaha billionaire Warren Buffett.

12 Steps to Economic Recovery (at Forbes.com)

Fairfax Removes Hedges on Equity Portfolio Investments (Marketwire)

Early Glance: Insurers companies (AP)

AMERISAFE to Present at the FBR Capital Markets Fall Investor Conference (PR Newswire)

Allied World Draws Down US$250 Million on Credit Facility (PR Newswire)
Allied World Assurance Company Holdings, Ltd filed a current report on Form 8-K on November 19, 2008 announcing that it had sent a notice of borrowing to draw US$250 million in principal amount under its existing US$400 million unsecured senior revolving credit facility to increase its cash position to preserve its financial flexibility in light of the current uncertainty in the credit markets.

GE says not seeking sovereign-wealth investment (Reuters)
General Electric Co said on Thursday it has no intention of raising additional capital from sovereign-wealth funds.

Disabled Sports USA Hosts the Hartford Ski Spectacular, Nations Largest Winter Sports Event for Physically Disabled (Business Wire)
BRECKENRIDGE, Colo.----Disabled Sports USA today announced it will host the 21st Annual The Hartford Ski Spectacular, the nation’s largest winter sports festival for individuals with physical disabilities.

XL Insurance Appoints New Chief Underwriting Officer, Global Aerospace (PR Newswire)
XL Insurance, the global insurance operations of XL Capital Ltd , has appointed Christopher A. O'Gwen as Chief Underwriting Officer, Global Aerospace.

Allied World Draws Down $250 Million on Credit Facility (PR Newswire)
Allied World Assurance Company Holdings, Ltd filed a current report on Form 8-K on November 19, 2008 announcing that it had sent a notice of borrowing to draw $250 million in principal amount under its existing $400 million unsecured senior revolving credit facility to increase its cash position to preserve its financial flexibility in light of the current uncertainty in the credit markets.

ACE Names Sean Ringsted Chief Risk Officer (Business Wire)
ZURICH, Switzerland----ACE Limited announced today that Sean Ringsted has been appointed Chief Risk Officer for the ACE Group of Companies. In this role, which will be in addition to his current responsibilities as Chief Actuary, Mr.

Paulson's Explanation Leaves More Questions (at BusinessWeek)